Which of the following statements about the financing of international trade is correct?
A) International trade means the trading of financial assets for foreign exchange.
B) Most international transactions are made with gold.
C) Imports are more important than exports to the economy of a nation.
D) Exports provide the foreign currencies needed to pay for imports.
Correct Answer:
Verified
Q142: U.S. imports
A) increase the foreign demand for
Q146: U.S. exports create a
A) supply of foreign
Q155: French and German farmers wanting to buy
Q160: The current system of exchange rates can
Q161: The Bretton Woods system of exchange rates
Q162: If a financial portfolio manager in the
Q163: Under an international gold standard,
A)exchange rates would
Q164: Under an international gold standard,
A)a nation's exchange
Q169: The Bretton Woods system of exchange rates
A)is
Q170: Under an international gold standard,
A)a nation sacrifices
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